Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 6.9% (Pro Forma)
- Listing ID: 1706590
- Posted On: Jul 5, 2022
- Updated On: Jan 16, 2023
Description
Awesome 18 Unit Mobile Home Park With Room To Expand! 5 Space Rentals Including 1 Vacant Space Rental, 13 Park Owned Units With Low Rents. 1.7 Acres On City Sewer & Water. Zoned 18 Units Per Acre. Over $350,000 In Upgrades In The Past 18 Months. Remove 2 or 3 Mobiles And Build 12-15 Units Or With Sunny Western Views. Site Previously Approved In 2008 For 30 Residential Homes. Proforma Net Income Is $290,207 And Proforma Cap Rate Of 6.91%. Close To Downtown Snohomish, Shopping, Restaurants, Boeing, New Snohomish-Reginal Airport. Don't Miss Out On This Rare Opportunity To Own A Profitable Park With A Great Potential To Add Apartment Units And Increase Income!
Park Information
| Size: | 2 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $290,207 |
| Operating Expense: | $69,493 |
| Net Operating Income: | $290,207 |
| Expense Ratio: | 23.9 % |
Lot Information
| Singlewide Lots: | 18 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Video
Loading...